Math Problem Statement
A clothing manufacturer has revenue and cost functions, both in dollars, given R(x)=35x-0.1x^2 and C(x)=4x+2000, respectively , where x is the number of t-shirts sold. A) how many t-shirts must the company sell to maximize its profit? B) what is the company’s maximum profit?
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Calculus
Profit Maximization
Derivatives
Formulas
Profit function: P(x) = R(x) - C(x)
Derivative of P(x) for finding maximum: P'(x) = 0
Revenue function: R(x) = 35x - 0.1x^2
Cost function: C(x) = 4x + 2000
Theorems
First Derivative Test for Maximization
Suitable Grade Level
Grades 11-12
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